CashBuilder Card - Savings interest rates and account details

Summary Box

Key Product Information for our savings accounts

Account name

CashBuilder Card

Interest rates (AERs) - Variable

Balance	*AER %**	AER** %	Gross p.a. %	Net p.a. %
£1 - £2,000,000	0.10	n/a	0.10	0.08

Effective from: 01 January 2009

Tax status

Interest is paid net of basic rate tax, depending on your status.

Conditions for bonus payment

n/a

Withdrawal arrangements

Instant access

Access

Cash machine, internet, phone and branch.

Minimum and maximum balances	Minimum opening balance £100 (minimum operating balance £1) Maximum: £2,000,000
How to open	You can apply online or in any Nationwide branch.
Maximum number of savings account holders	2
Minimum age	11

Paying in	You can: pay in money at any Nationwide cash machine set up a regular standing order from your current account transfer in money online or through Telephone Banking use the counter at any of our branches
Taking money out	You can: withdraw up to £300 a day at any Nationwide or LINK cash machine withdraw up to £500,000 in the form of a cheque at any Nationwide branch (please note that if you withdraw less than £1,000 in the form of a cheque where you are not the payee you will be charged a fee of £10 per cheque) transfer money to another Nationwide account, using the Internet Bank or Telephone Banking
Keeping track of my money	A full statement is available on the Internet Bank. Mini-statements are available through Telephone Banking. Full paper statements are issued annually (can also be monthly, quarterly or half-yearly). A full paper statement will be issued automatically within 3 months if a card transaction occurs and the frequency normally exceeds 3 months.
Interest	Interest is paid annually on 31 December. Choose whether you want it paid into your CashBuilder account, another Nationwide savings account (apart from Regular Savings) or your current account.

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or find out more about managing your account

AER* stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.

AER** includes conditional bonus (if applicable)

The gross rate of interest is the interest rate payable before any income tax is deducted (if you do pay tax).

The net rate of interest is the interest payable after any income tax is deducted (if you do pay tax).

The tax information provided is based on our current understanding of current law and HM Revenue & Customs practice which can change.